In a sorrowful event in Mysuru, Karnataka, three family members reportedly took their own lives after enduring significant financial losses from online gambling. The deceased were identified as Josh Anthony, his brother Joby Anthony, and Joby’s wife Sharmila.

Authorities suggest that Joby and Sharmila faced mounting pressure due to their involvement in online betting on IPL matches and other gambling platforms, leading to difficulties with repaying borrowed money. Distressed by this situation, Josh, in a final message, expressed frustration about the financial strain caused by these activities.

Following Josh’s death, Joby and Sharmila also ended their lives. The police have launched an investigation into the circumstances…

A group of drag queens has provided an unexpected performance on the streets of the Gold Coast in an effort to get paid.

American-born Cadillac DeVille has been a drag queen for the past eight years but ran into trouble with a company called Paint Juicy failing to pay invoices totalling more than $3000.

Tara-Zan, who calls herself “the world’s first and only bodybuilding drag queen”, also ended up with a $3000 unpaid bill, while Russian-born Robyn Dix was owed $300.

READ MORE: ‘Complete cash grab’: Council tax charges Gold Coast homeowners for high-rise view

“We are…

4 mins ago

An Overview of Amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

Handing Over the Possession (Regulation 4E)

By Lucia Osborne-Crowley ( February 19, 2025, 10:15 AM GMT) — The U.K. Supreme Court ruled Wednesday that a businessman’s family cannot avoid a £19 million ($24 million) debt to a UAE bank, finding that insolvency law can prevent a transaction by a company owned by the family because it was intended to put assets beyond the reach of creditors….

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.

A Law360 subscription includes features such as

…

DOGE head Elon Musk hit back at the criticism faced by Democrats over DOGE cuts and blamed the bureaucracy for the criticism for not allowing the implementation of presidential orders. File
| Photo Credit: Reuters

Tesla CEO and DOGE head, Elon Musk, criticised the current state of U.S. spending, saying that an average citizen in the country “should be made” over the expenditure of the tax money.

In an interview with Fox News telecast on Tuesday (February 19, 2025), Mr. Musk said that U.S. President Donald Trump inherited a $2 trillion trade deficit. He further warned that “America will go bankrupt” if it fails to bring the…

(Bloomberg) — EFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected of fraud weighs a potential liquidation.

Most Read from Bloomberg

The cuts began recently and more reductions are set to follow, people familiar with the matter said, asking not to be identified as the matter is private. The company’s total headcount stood in the region of 1,600 jobs.

The high-profile startup, backed by investors including SoftBank Group Corp. and Temasek Holdings Pte, is unraveling after a board investigation revealed it may have inflated its revenue and profit over several years. The company had raised hundreds of millions of dollars, and its demise would deal a blow to…

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

To enable cookies, follow the instructions for your browser below.

Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….

Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales in January 2025 was 1,971, 6% higher than in December 2024 (1,852) and 11% higher than the same month in the previous year (1,780).

The business insolvencies consisted of 269 compulsory liquidations, 1,546 creditors’ voluntary liquidations (CVLs), 142 administrations and 14 company voluntary arrangements (CVAs). There were no receivership appointments. 

Compulsory liquidations were 5% lower than in December 2024 and 5% lower than in January 2024.

CVLs accounted for 78% of all business insolvencies. The number of CVLs increased by 9% from December 2024 and was 14% higher compared to the same…

Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales in January 2025 was 1,971, 6% higher than in December 2024 (1,852) and 11% higher than the same month in the previous year (1,780).

The business insolvencies consisted of 269 compulsory liquidations, 1,546 creditors’ voluntary liquidations (CVLs), 142 administrations and 14 company voluntary arrangements (CVAs). There were no receivership appointments. 

Compulsory liquidations were 5% lower than in December 2024 and 5% lower than in January 2024.

CVLs accounted for 78% of all business insolvencies. The number of CVLs increased by 9% from December 2024 and was 14% higher compared to the same…

Brief Facts:

State Bank of India filed an insolvency application under section 7 of the Insolvency and Bankruptcy Code, 2016 (Code) seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor which was admitted on 03.10.2020.

In the CIRP process, Resolution Plans came to be considered by the Committee of Creditors (CoC) in the 35th meeting of the CoC dated …